Yes on Measure S Protests Illegal Demolition of Apartment Building
Yes on Measure S joined Hollywood residents on Tuesday to protest the illegal demolition of a historic apartment building that provided affordable housing. Developer Wiseman Residential bulldozed the structure to make way for a new project last Saturday, even though LA city officials twice tried to stop the teardown.
It was another example of an alarming trend spreading across Los Angeles, in which affordable housing is demolished or taken off the market to make way for luxury housing.
According to the Los Angeles Times, "more than 20,000 rent-controlled units have been taken off the market since 2001" across LA.
The paper noted, "Looking to cash in on a booming real estate market, Los Angeles property owners are demolishing an increasing number of rent-controlled buildings to build pricey McMansions, condos and new rentals, leading to hundreds of evictions across the city."
Now the smashed Hollywood apartment building at 1344 N. Formosa sadly joins that list.
Wiseman Residential had evicted tenants from their affordable homes in 2016 under the increasingly controversial Ellis Act, which many tenant advocates say developers are abusing across LA and California.
Wiseman Residential has a history of throwing its tenants out of their apartments, according to the LA Times.
In April 2016, the paper found that "over the last decade, Wiseman has evicted at least 237 tenants from rent-controlled properties in Los Angeles."
On Tuesday, Formosa Avenue residents protested Wiseman Residential's illegal move and shabby treatment of its tenants. Yes on Measure S fully supports these Angelenos and other like them who get a raw deal from greedy developers.
We also call for LA City Hall to hold Wiseman Residential accountable for any laws that may have been broken.
Measure S can help Angelenos fend off outlaw developers -- by reining greed-driven overdevelopment, reforming LA's rigged and broken planning and land-use system and returning power back to residents.
Vote Yes on S on March 7.